Which of the Following Would Be the Least Desirable Criteria

question 38

Multiple Choice

Which of the following would be the least desirable criteria against which to judge current operations of a company's treasury function?

• A) The operations of the treasury function as documented during the last audit engagement.
• B) Company policies and procedures delegating authority and assigning responsibilities.
• C) Finance textbook illustrations of generally accepted good treasury function practices.
• D) Codification of best practices of the treasury function in relevant industries.

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Definitions:

Diminishing Returns

Diminishing Returns is an economic principle stating that as more investment is made in a particular area, the rate of profit from that investment, after a certain point, begins to decrease.

Total Labor Units

The total quantity of labor hours or labor efforts utilized in the production of goods or services.

Frames Per Day

A measure of productivity in animation or film production, indicating the number of frames produced in a single day.

Wage

The fixed regular payment earned for work or services, typically paid on a daily or weekly basis.